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Author Question: A monopolistically competitive firm influences market price because of product differentiation. (Read 153 times)

kellyjaisingh

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Question 1

Monopolistically competitive firms are unable to affect the market price of their output, but are able to control the price of their own output.


◦ true
◦ false

Question 2

A monopolistically competitive firm influences market price because of product differentiation.


◦ true
◦ false


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Marked as best answer by kellyjaisingh on Apr 19, 2019

dawsa925

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kellyjaisingh

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Reply 2 on: Apr 19, 2019
Excellent


bblaney

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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